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Jul 11, 2012
07/12
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this isn't about the deficit and debt right now. it's the reason the president keeps using the word "fairness." it's about values. but the question is, who does the middle class feel is looking out for them? they've been squeezed for so long, forgotten for so long. and the real question that -- that our political strike team was asked, what's the right threshold? because there are regional realities that are fundamentally different. the reason that senator charles schumer across the river from senator menendez is strongly in favor of the $1 million, in the tristate area, for example, you can have a two-earner household, each person making $125,000. this is far from the jet set. >> yeah, very different than if they lived outside tulsa, for example. but let me ask about this whole thing, though. when we talk about this amount of money and this fight going on here, one thing i think gets kind of lost here is you're not going to do that much to the deficit. i guess it's good to do something to it, sure. you're not going to do that much
this isn't about the deficit and debt right now. it's the reason the president keeps using the word "fairness." it's about values. but the question is, who does the middle class feel is looking out for them? they've been squeezed for so long, forgotten for so long. and the real question that -- that our political strike team was asked, what's the right threshold? because there are regional realities that are fundamentally different. the reason that senator charles schumer across the...
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Dec 4, 2013
12/13
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the deficit has just exploded. the pope actually blamed income and equality, and rush limbaugh quickly denounced the pope saying, quote, this is just pure marxism out of the mouth of the pope. who is right? >> you've got to look to the state of utah. i don't know what it is in california. i think it's 8.7% or so, and you look at what we're doing, we have a responsible government, we have a predictable regulatory environment. we do a good job of educating the kids. we have a good tax break. we're doing all the things -- >> it sounds like you're agreeing with the pope then? >> you look at the result, we have less disparity in the income that can most any other state. we would love to have the pope. he can come to provo anytime. >> you have a deep and personal passion about helping the poor, and i suspect you resonated deeply with pope francis ooze comments which were very powerful and compelling in many ways, but i'm puzzled. wise in the last 30 years we've had dramatic economic growth. i was very fortunate i was the
the deficit has just exploded. the pope actually blamed income and equality, and rush limbaugh quickly denounced the pope saying, quote, this is just pure marxism out of the mouth of the pope. who is right? >> you've got to look to the state of utah. i don't know what it is in california. i think it's 8.7% or so, and you look at what we're doing, we have a responsible government, we have a predictable regulatory environment. we do a good job of educating the kids. we have a good tax...
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Jul 14, 2012
07/12
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you no longer have a deficit problem. you have a long-term problem relating to medicare and health care costs and all the things people are worried about disappear. i think the argument that the economy is so weak that it can't withstand returning to these tax rates is probably not true anymore. the economy has slowly begun to recover. if you look at the housing market, it is clear that it has bottomed out. consumers have paid down debt. at some point we're going to have to get the fiscal house in order. this is the best mechanism. i have a secret weapon here which is i wouldn't -- that's my starting position. if you were to come and say to me we don't want to put all of these tax cuts in, let's phase this in over three or four years, i would say fine. why not instead then do a comprehensive tax reform? >> why not instead then do a comprehensive tax reform in everybody from every party says it. we have seen the tax code, 73,000 pages. it is impossible for anyone to understand and it seems inherently unfair to almost every
you no longer have a deficit problem. you have a long-term problem relating to medicare and health care costs and all the things people are worried about disappear. i think the argument that the economy is so weak that it can't withstand returning to these tax rates is probably not true anymore. the economy has slowly begun to recover. if you look at the housing market, it is clear that it has bottomed out. consumers have paid down debt. at some point we're going to have to get the fiscal house...
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Oct 8, 2013
10/13
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you have to reduce the deficit our way. and in exchange we'll agree to pay the country's bills on time. >> are they backing off the obama care part of this? we haven't talked about obama care so much tonight. >> i want to talk about obama care specifically. which is in your space, maryland, only 326 people according to the "wall street journal" today have enrolled today. 326. that is a sad and small number especially since your governor said he wanted maryland to lead the way. are you concerned by the fact that the obama administration has not been releasing the numbers of people and obviously there are serious problems with the website that many critics say they are not fully transparent about. >> we had the same problem in maryland. we were swamped in the first days in terms of the number of people coming on to the website and shopping for health insurance. that's a good sign. obviously there were a lot of glitches. they will have to get the system in shape. but we'll know by the end of the next couple months. a lot of pe
you have to reduce the deficit our way. and in exchange we'll agree to pay the country's bills on time. >> are they backing off the obama care part of this? we haven't talked about obama care so much tonight. >> i want to talk about obama care specifically. which is in your space, maryland, only 326 people according to the "wall street journal" today have enrolled today. 326. that is a sad and small number especially since your governor said he wanted maryland to lead the...
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Apr 13, 2013
04/13
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the $3.77 trillion proposal would cut deficits by $1.8 trillion over the next decade. it's two months late and no one expects it to pass in congress, it's a very important marker for the president's continuing debt talks with lawmakers. his budget includes some new spending and priorities the president thinks are important. spending on infrastructure, for example, $50 billion worth. universal pre-k education for all children in america. and tax hikes that target the rich. a 30% tax rate on those making more than 1 million bucks a year as well as new rules. also a minimum wage increase and a cap on itemized deductions and exclusion for high-income households. he also surprised some by handing republicans a good deal of entitlement reform. a change in the cpi, or how the government measures inflation, would reduce projected federal spending by slowing the growth of federal benefits adjusted for cost of living. that includes social security. the adjustment would save the government about $130 billion over the next decade but many, even his own party say, it unfairly targe
the $3.77 trillion proposal would cut deficits by $1.8 trillion over the next decade. it's two months late and no one expects it to pass in congress, it's a very important marker for the president's continuing debt talks with lawmakers. his budget includes some new spending and priorities the president thinks are important. spending on infrastructure, for example, $50 billion worth. universal pre-k education for all children in america. and tax hikes that target the rich. a 30% tax rate on...
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Sep 7, 2012
09/12
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deficit too high? try another. feel a cold coming on? take two tax cuts, roll back some regulations and call us in the morning. [ cheers a applause ] now, i've cut taxes for those who need it. middle-class families, small businesses. but i don't believe that another round of tax breaks for millionaires will bring good jobs to our shores or pay down our deficit. i don't believe that firing teachers or kicking students off financial aid will grow the economy or help us compete with the scientists and engineers coming out of china. after all we've been through, i don't believe that rolling back regulations on wall street will help the small businesswoman expand or the laid-off construction worker keep his home. we have been there. and we're not going back. we are moving forward, america. [ cheers and applause ] now, i won't pretend the path i'm offering is quick or easy. i never have. you didn't elect me to tell you what you wanted to hear. you elected me to tell you the truth. and the truth is, it will take more than a few years for us to
deficit too high? try another. feel a cold coming on? take two tax cuts, roll back some regulations and call us in the morning. [ cheers a applause ] now, i've cut taxes for those who need it. middle-class families, small businesses. but i don't believe that another round of tax breaks for millionaires will bring good jobs to our shores or pay down our deficit. i don't believe that firing teachers or kicking students off financial aid will grow the economy or help us compete with the scientists...
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Sep 19, 2013
09/13
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the worst year of big spending george bush's deficit was under $500 billion. that's the worst year. >> you want to talk about george bush tax cuts, the george bush wars and the george bush crash? >> and now we have obamacare that will -- >> one at a time. >> -- continuous into the future of deficit. that's what we're trying to stop. it's not politics. >> do you agree with me that the republican party as a national party, it is so dead in ten years based on a whole lot of strange -- >> congressman, let me -- >> you've gotten ridden of gays, of women. and i need the republican party because we have to have someone to beat up on. >> oh, charlie, you'll be soarly disappointed. >> it's good for certain -- >> it's not about politics. it's about people. >> i want to he said wiep end wn to you. do you think president obama has been an effective leader the last six years? >> i don't think there's any question about it. but there was an assumption that the congress would work with help. and he was notified by the leader, the republican leader in the senate, that their o
the worst year of big spending george bush's deficit was under $500 billion. that's the worst year. >> you want to talk about george bush tax cuts, the george bush wars and the george bush crash? >> and now we have obamacare that will -- >> one at a time. >> -- continuous into the future of deficit. that's what we're trying to stop. it's not politics. >> do you agree with me that the republican party as a national party, it is so dead in ten years based on a whole...
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Aug 25, 2012
08/12
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i tend to sharidan's viee dan's the deficit. as long as the bond market doesn't care about the deficit, doesn't keep me awake at night. so, no, i don't think fiscal austerity is the answer right now. i would say this, though. perhaps counter what dan said. there is plenty of blame to go around. >> yeah, tell me about the tea party angle. whenever i talk about fiscal cliff, i get a lot of mail from people who say why don't you say it like it really is? the tea party said we're going to oppose this president and that's why we're here. do you agree? >> yes. at the same time, i think both parties are the no get much done. president obama advocated on this. he hasn't really taken a very forceful role especially on entitlement reform. i would like to see him get a little more involved and he should because his re-election would hinge on that. >> an election year, a fiscal cliff. i thought the debt ceiling debate was bad last year. i didn't know it could get worse. it has. dan and greg, stay right where you are. inside the head of poli
i tend to sharidan's viee dan's the deficit. as long as the bond market doesn't care about the deficit, doesn't keep me awake at night. so, no, i don't think fiscal austerity is the answer right now. i would say this, though. perhaps counter what dan said. there is plenty of blame to go around. >> yeah, tell me about the tea party angle. whenever i talk about fiscal cliff, i get a lot of mail from people who say why don't you say it like it really is? the tea party said we're going to...
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Sep 7, 2012
09/12
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or pay down our deficit. i don't believe firing teachers or kicking students off financial aid will grow the economy or help us compete with the scientists and engineers coming out of china. after all we've been through, i don't believe that rolling back regulations on wall street will help the small business woman expand or the laid off construction worker keep his home. we have been there. we've tried that. we're not going back. we are moving forward, america. [ applause ] now, i won't pretend the path i'm offering is quick or easy. i never have. you didn't elect me to tell you what you wanted to hear. you elected me to tell you the truth. and the truth is, it will take more than a few years for us to solve challenges that have built up over decades. it will require common effort and shared responsibility and the kind of bold, persistent ex-per tentation -- experimentation that franklin roosevelt pursued during a crisis such as this one. and those of us who carry on his legacy should remember that not every
or pay down our deficit. i don't believe firing teachers or kicking students off financial aid will grow the economy or help us compete with the scientists and engineers coming out of china. after all we've been through, i don't believe that rolling back regulations on wall street will help the small business woman expand or the laid off construction worker keep his home. we have been there. we've tried that. we're not going back. we are moving forward, america. [ applause ] now, i won't...
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Oct 9, 2013
10/13
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sides time, maybe four to six weeks to talk about the issues, some issues relating to the debt and deficit would be doable from the perspective of senior republicans. the thing that is so incredible is that it seems pretty clear that they want to get that message out through us. they are not talking to the white house. there is no negotiation because as we've heard the president say now probably a million times, he's not going to negotiate this. so we're in this weird situation where in order for the president and the white house to keep that promise, the president is keeping his options open in press conferences about a potential short-term deal and house republicans, at least sources i'm talking to are saying well, we would be open to that so that's how discussions are going on now. we don't know exactly what could be doable when we look at the specifics of it because they are not talking to one another. >> right, how does this debt ceiling deal, if it is four to six weeks, how does that impact on the shutdown? does that automatically release the shutdown? does the government reopen pend
sides time, maybe four to six weeks to talk about the issues, some issues relating to the debt and deficit would be doable from the perspective of senior republicans. the thing that is so incredible is that it seems pretty clear that they want to get that message out through us. they are not talking to the white house. there is no negotiation because as we've heard the president say now probably a million times, he's not going to negotiate this. so we're in this weird situation where in order...
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Oct 9, 2013
10/13
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and so the first decade you have deficit about $7 trillion. but we did a projection over 30 years, $107 trillion because of the unsustainable nature of medicare. and this administration refusing to deal with those things. they demagogue those issues. president obama says medicare just needs modest reforms. yet behind closed doors president obama admits to the republican senators that the problem in reforming medicare for every dollar that gets paid into the system americans get $3 out in benefits. but he also says and americans don't understand that. because we're not talking about it. >> how do you get from here to there, though? because obama care has been attached to the funding of the government. >> right. >> the president says he won't negotiate on his signature piece of domestic legislation which you probably understand because you were against this strategy in the first place. >> right. >> so how do you get from here to there? how do you negotiate without negotiation? >> you start being honest with the american public you. level with th
and so the first decade you have deficit about $7 trillion. but we did a projection over 30 years, $107 trillion because of the unsustainable nature of medicare. and this administration refusing to deal with those things. they demagogue those issues. president obama says medicare just needs modest reforms. yet behind closed doors president obama admits to the republican senators that the problem in reforming medicare for every dollar that gets paid into the system americans get $3 out in...
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Jan 27, 2013
01/13
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one of the things you'd like to see is deficits getting under control, spending cuts. here we are in europe where the austerity of the sort that they imposed is not certainly in the short term working. we've just seen new unemployment numbers out of spain and portugal. spain had 26%. youth unemployment at 16%. we got to the point we're lapping ourselves in europe because so many are unemployed that the idea of organic growth anytime in the next five years is impossible to see. how do we manage that in the united states? how do we manage a cut in spending that doesn't send us into a downward growth spiral? >> it's where you cut the spending. you're absolutely right the way you evaluated the trouble in europe, and that's a problem for us because they're our largest export partner. but the spending that we want to adjust is the spending that is automatic, and that is entitlements. social security a little bit but primarily medicare. >> right. >> and it goes up, up, up, and the problem is people living much longer than anybody thought. you don't have to cut it. you have to
one of the things you'd like to see is deficits getting under control, spending cuts. here we are in europe where the austerity of the sort that they imposed is not certainly in the short term working. we've just seen new unemployment numbers out of spain and portugal. spain had 26%. youth unemployment at 16%. we got to the point we're lapping ourselves in europe because so many are unemployed that the idea of organic growth anytime in the next five years is impossible to see. how do we manage...
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Aug 31, 2012
08/12
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and his $1 trillion deficits, they slow the economy, restrain employment and cause the wages to stall. for a majority of the americans who now believe that the future is going to be better than the past, i guarantee you this, if barack obama is re-elected, you'll be right. i'm running for president to help create a better future, and a future where everyone who wants a job can find a job. where no senior feels for the -- fears for the security of their retirement. an america where every parent knows that their child will get an education that leads them to a good job and a bright horizon, and unlike the resident, i have a plan to create 12 million new jobs. [ applause ] paul ryan and i have five steps. first by 2020, north america will be energy independent by taking full advantage of our oil, our gas, our coal, our lithium, and our renewables. second, we will give our fellow citizens the skills they need for the jobs of today and the careers of tomorrow. when it comes to the school your child will attend, every parent should have a choice and every child should have a chance. third,
and his $1 trillion deficits, they slow the economy, restrain employment and cause the wages to stall. for a majority of the americans who now believe that the future is going to be better than the past, i guarantee you this, if barack obama is re-elected, you'll be right. i'm running for president to help create a better future, and a future where everyone who wants a job can find a job. where no senior feels for the -- fears for the security of their retirement. an america where every parent...
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Sep 1, 2012
09/12
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go to pay for new prescription drug benefits for elderly people as well and some goes to reduce the deficit. it is worth noting this. the same paul ryan proposed the same cost reductions in his house budget plan. mitt romney said he wouldn't make any changes to his far for medicare for the next ten years. a surprising danger for swimmers and anyone who loves the ocean. hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. how did the nba become the hottest league on the planet? by building on the cisco intelligent network they're able to serve up live video, and instant replays, creating fans from berlin to beijing. what can we help you build? nice shot kid. the nba around the world built by the only company that could. cisco. >>> every summer brings stories that can make you scratch your head. well, you're about to learn something that i think is very important. strong, experienced swimmers who somehow drown, ev
go to pay for new prescription drug benefits for elderly people as well and some goes to reduce the deficit. it is worth noting this. the same paul ryan proposed the same cost reductions in his house budget plan. mitt romney said he wouldn't make any changes to his far for medicare for the next ten years. a surprising danger for swimmers and anyone who loves the ocean. hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's...
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Dec 11, 2012
12/12
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it's the speed at which we slow these deficits and the manner in which we slow these deficits that i think a lot of people are trying to hammer out. who do we know the formula for what's a healthy speed and how do we know the formula for what's a dangerous speed? >> all right, look, he's the immediate issue. we had emergency spending of an extra $1 trillion four years ago, that pretty much everybody agreed was needed to keep the economy from going down the drain. but that emergency spending has become part of our normal spending now. and every year for the last three years, we've spent $1 trillion more than we've taken in in taxes. now, there's a big philosophical divide here, between those who think the only way for think economy to grow is to get government out of the way, and those who think the only way for the economy to grow and bring in revenues is for government to help. and that's why you're not getting a compromise here. there's just too great a divide over this big issue. if they do compromise, which we all hope they will, so we won't go over the cliff, it has to be fair.
it's the speed at which we slow these deficits and the manner in which we slow these deficits that i think a lot of people are trying to hammer out. who do we know the formula for what's a healthy speed and how do we know the formula for what's a dangerous speed? >> all right, look, he's the immediate issue. we had emergency spending of an extra $1 trillion four years ago, that pretty much everybody agreed was needed to keep the economy from going down the drain. but that emergency...
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Sep 5, 2012
09/12
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today, we're out of the deficit hole mr. romney left and we have achieved the highest bond rating in our history. today, today with labor at the table, we have made the reforms in our pension and benefit systems. our schools, our transportation system and more than mr. romney only talked about. and today, in massachusetts, you can marry whomever you love. we still have much more to do. much, much more to do. but we are on a better track because we placed our faith, not in trickle down fantasies and divisive rhetoric, but in our values and in our common sense. the same choice faces the nation today. all that republicans are saying is that if we just shrink government, cut taxes, crush unions and wait, all will be well. never mind that those are the very policies that got us into recession to begin with. never mind that not one of the governors who preached that gospel in tampa last week has the results to show for it. but we democrats, we owe america more than a strong argument for what we are against. we need to be just as s
today, we're out of the deficit hole mr. romney left and we have achieved the highest bond rating in our history. today, today with labor at the table, we have made the reforms in our pension and benefit systems. our schools, our transportation system and more than mr. romney only talked about. and today, in massachusetts, you can marry whomever you love. we still have much more to do. much, much more to do. but we are on a better track because we placed our faith, not in trickle down fantasies...
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Oct 27, 2012
10/12
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that means running deficits for the next eight years. only thing i've seen on his website is $500 billion in cuts in the year 2016. that's not dealing with the debt for another four years. >> if we can move faster and further, we certainly will, but governor romney wanted to propose something he thought we could do. >> he's going to close loopholes to do it. you and i are both familiar are w the studies that say that's not possible or tough to do. let's just say in order to get there, he can't cut by to 20%. he has to cut by 10. maybe 4. would he adjust that promise? >> well, he's certainly willing to talk. when you do tax reform, what you do is you establish the basic parameters, which he's done in this proposal. you get everybody together and you knock heads. if it's not what everybody wants, is he going to say absolutely no? he's not going to raise taxes, but if he can't get exactly the tax cut hemts, is he going to say no. there are some things he's going to insist on, but be open to talking as well. >> thanks so much for taking the
that means running deficits for the next eight years. only thing i've seen on his website is $500 billion in cuts in the year 2016. that's not dealing with the debt for another four years. >> if we can move faster and further, we certainly will, but governor romney wanted to propose something he thought we could do. >> he's going to close loopholes to do it. you and i are both familiar are w the studies that say that's not possible or tough to do. let's just say in order to get...
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Oct 1, 2012
10/12
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there will still be a substantial deficit, but it will be smaller. president obama's main contribution to this $16 billion debt, which is a trillion dollar debt, a ten-year figure projecting out ten years was the stimulus bill, which is $800 billion, which i believe was a good thing to do. i think that might be bigger without it. it kept people working and paying taxes and off the government payrolls. because it created new jobs. if you look at his annual spending budgets, they are about 2% increase. that's less than the rate of inflation. so, i think that the reason that i believe he'll win re-election is we are beginning to recover. we have a higher rate of job creation since the recession bottomed out in the middle of 2009 than in the previous eight years. and, we are moving in the right direction and the policies he's advocated are going to produce good economic results. if people thought it was like another recession, he would be in trouble. it's not like another recession. they know it. >> people say the paralysis in washington, the inability t
there will still be a substantial deficit, but it will be smaller. president obama's main contribution to this $16 billion debt, which is a trillion dollar debt, a ten-year figure projecting out ten years was the stimulus bill, which is $800 billion, which i believe was a good thing to do. i think that might be bigger without it. it kept people working and paying taxes and off the government payrolls. because it created new jobs. if you look at his annual spending budgets, they are about 2%...
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Nov 6, 2021
11/21
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but it does add to the deficit. what we're doing, unfortunately, is adding to the deficit at a breathtaking, phenomenal, incredible rate. eventually, in one way or another, it has to be paid. either it has to be paid back or we have to pay the interest on it or both, or it's going to create inflation. but you cannot endlessly pump money into the economy without it having some effect. most of your viewers don't know about germany, but this is a lot like what happened in germany after world war i. the government faced economic uncertainty and responded by printing enormous amounts of money and this led to inflation on a scale so big that it would take a wheelbarrow full of money to buy a loaf of bread. we're not anywhere remotely near that. but anyone who does shopping, and i do all the shopping in my family, my wife refuses to go into a grocery store, she never has and we've been married 55 years. anyway, so -- >> lucky gal. >> she's a goddess, an absolute goddess. anyway, but if you go to the grocery store, you see
but it does add to the deficit. what we're doing, unfortunately, is adding to the deficit at a breathtaking, phenomenal, incredible rate. eventually, in one way or another, it has to be paid. either it has to be paid back or we have to pay the interest on it or both, or it's going to create inflation. but you cannot endlessly pump money into the economy without it having some effect. most of your viewers don't know about germany, but this is a lot like what happened in germany after world war...
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Oct 15, 2013
10/13
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reduction that simpson bowles said we needed to do and the government sending and deficit levels are shrinking at the fastest they have shrunk in 70 years. why is it you think the most important think we should do right now is go figure out how to cut the deficit farther? >> are you really arguing -- >> we need to stop with this. >> are you arguing that the country is on a sound economic footing? the most important thing is growth here. we might disagree on how to get growth. clearly printing money is not working. >> threatening default isn't working either. >> i agree with you. but i think the point is without more robust economic growth and tax reform which is part of growth, without entitlement reform and regulatory reform to get the government off the back of small business we are not on a sustainable economic footing. i think that the democrats and republicans agree with that. what is disspiriting to consumers and business people and the rest of the world is why can't they talk about this? >> i think the polling is quite clear on what america is dissatisfied with and that is the
reduction that simpson bowles said we needed to do and the government sending and deficit levels are shrinking at the fastest they have shrunk in 70 years. why is it you think the most important think we should do right now is go figure out how to cut the deficit farther? >> are you really arguing -- >> we need to stop with this. >> are you arguing that the country is on a sound economic footing? the most important thing is growth here. we might disagree on how to get growth....
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Dec 15, 2021
12/21
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would actually help the deficit, cut the deficit by $2 trillion over the second ten years. the cbo score you're referring to was on a fictional bill. it was not on the bill we passed. it was saying if all the programs in the bill were extended for ten years, then what would be the effect? but they didn't anticipate, a, the fact that the programs expire. we're going to have to decide whether or not to extend them. and, b, they didn't take into account if we decided to extend them, we can pay for them in the same way we're paying for them now. so that is not a real score, and senator manchin should know that. and the republicans who want to kill build back better and keep increasing costs for american people, that's what they're trying to do is make the argument somehow that this is hurting the american people when, in fact, if you care about inflation, michael, what you want to do is pass build back better, bring down costs for working people, and help ensure that it's all paid for by taxes on the wealthiest. >> final question. do you get it done before christmas? >> well, i
would actually help the deficit, cut the deficit by $2 trillion over the second ten years. the cbo score you're referring to was on a fictional bill. it was not on the bill we passed. it was saying if all the programs in the bill were extended for ten years, then what would be the effect? but they didn't anticipate, a, the fact that the programs expire. we're going to have to decide whether or not to extend them. and, b, they didn't take into account if we decided to extend them, we can pay for...
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Oct 17, 2012
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that's part of what took us from deficits to surplus. it will be good for our economy and it will be good for job creation. now governor romney has a different philosophy. he was on "60 minutes" just two weeks ago and he was asked, is it fair for somebody like you making $20 million a year to pay a lower tax rate than a nurse or a bus driver, somebody making a 50$,000 a year. he said yes, i think that's fair. he said i think that's what grows the economy. i fundamentally disagree with that. i think what grows the economy is when you get that tax credit that we put in place for your kids going to college. i think that grows the economy. i think what grows the economy is when we make sure small businesses are getting a tax credit for hiring veteran who is fought four our country, that grows the economy. when governor romney stands here during the campaign, when during the republican primary he stood on stage he said i'm going to give tax cuts, not tax rate cuts, tax cuts to everybody in the top 1%. you can believe him because that's his hi
that's part of what took us from deficits to surplus. it will be good for our economy and it will be good for job creation. now governor romney has a different philosophy. he was on "60 minutes" just two weeks ago and he was asked, is it fair for somebody like you making $20 million a year to pay a lower tax rate than a nurse or a bus driver, somebody making a 50$,000 a year. he said yes, i think that's fair. he said i think that's what grows the economy. i fundamentally disagree with...
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Oct 27, 2012
10/12
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you said you'd cut the deficit in half. it's four years later, we still have trillion-dollar deficits. >> i was so thrilled at the debate, for people to see my husband unfiltered through -- without any negative ads. >> throughout the debates, romney the pragmatist was on stage, not romney the conservative of the republican primaries, confusing to some but not to ann, who finally saw the side of romney she had been pushing to reveal all along. >> as you know, gloria, i said last time i would never do this again. i mean, it's really hard for a family member, a person that loves this person that you see going through these difficulties and just know how tough it is on that person that you love, and so for me it comes out of a compassion for mitt and a compassion and passion for how important this election is. i want people to think, if they vote for mitt, they're going to get this country moving again. ♪ ♪ ♪ [ male announcer ] you've been years in the making. and there are many years ahead. join the millions of members w
you said you'd cut the deficit in half. it's four years later, we still have trillion-dollar deficits. >> i was so thrilled at the debate, for people to see my husband unfiltered through -- without any negative ads. >> throughout the debates, romney the pragmatist was on stage, not romney the conservative of the republican primaries, confusing to some but not to ann, who finally saw the side of romney she had been pushing to reveal all along. >> as you know, gloria, i said...
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Jul 12, 2012
07/12
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so we can get along without these large deficits. krugman's right, that we need large deficits to keep the economy going at a time like this. but the trouble is, we're becoming addicted to low interest rates and we're not spending money prudently. i don't know that government spending had an increase so much over the last five years on a permanent and structural basis to justify these dech sits. >> maybe it's time to look at one of those. certain terrible times, you would need to overspend. saying, look, you can only spend this percent of your revenue. this is what you bring in this is what you're allowed to spend. >> we all know what the contours of a grand bargain are, right? some loopholes will go away. some tax rates will go away. it's just a question of -- i think it's a question of when that happens. >> all right. well, thanks very much for both of you. we appreciate it. take to twit, let us know what you think. the big one, when did he actually leave the firm? some serious allegations, do they add up? and new evidence released
so we can get along without these large deficits. krugman's right, that we need large deficits to keep the economy going at a time like this. but the trouble is, we're becoming addicted to low interest rates and we're not spending money prudently. i don't know that government spending had an increase so much over the last five years on a permanent and structural basis to justify these dech sits. >> maybe it's time to look at one of those. certain terrible times, you would need to...
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Oct 18, 2012
10/12
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this is on the deficit. four years ago, the president made a promise he would cut the deficit in half by the first term. he has not kept his promise. >> the president when he made that promise didn't know what he was going to inherit. he didn't know the economy was going to go into free fall and the situation was -- as a consequence, it's taken us longer to work our way out than it otherwise would have. first priority is jobs that will get this economy growing and part of that is putting in place a framework that will give people the sense these debts are under control. and that's absolutely something the president would have done if the congress had been prepared to cooperate with them around the time of the great debt limit struggle. it's something they've been looking to do during the lame duck session and my hope would be that the president's principle is mostly spending some avenues. that's a balanced principle. they think they can do it all on one side. >> thank you very much. good to see you. >> thank
this is on the deficit. four years ago, the president made a promise he would cut the deficit in half by the first term. he has not kept his promise. >> the president when he made that promise didn't know what he was going to inherit. he didn't know the economy was going to go into free fall and the situation was -- as a consequence, it's taken us longer to work our way out than it otherwise would have. first priority is jobs that will get this economy growing and part of that is putting...
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Oct 17, 2012
10/12
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when we talk about deficits, if we're adding to our deficit for tax cuts for folks who don't need them and we're cutting investments in research and science that will create the next apple, create the next new innovation that will sell products around the world, we'll lose that race. if we're not training engineers to make sure they are equipped here in the country, then companies won't come here, those investments are what will help to make sure that we continue to lead this world economy, not just this year, but 50 years from now, 100 years from now. >> government doesn't create job. >> governor, i want to introduce to you barry green, he's going to have the last question to you first. >> i think this is a tough question. each of you what do you believe is the biggest misperception that the american people have about you as a man and a candidate? using specific examples, can you take this opportunity to debunk that misperception and set us straight. >> thank you. that's an opportunity for me, and i appreciate it. in the nature of a campaign, it seems some campaigns are focused on att
when we talk about deficits, if we're adding to our deficit for tax cuts for folks who don't need them and we're cutting investments in research and science that will create the next apple, create the next new innovation that will sell products around the world, we'll lose that race. if we're not training engineers to make sure they are equipped here in the country, then companies won't come here, those investments are what will help to make sure that we continue to lead this world economy, not...
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Jun 1, 2012
06/12
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economic growth in the country and we were trailing the country at the same time, he left a structural deficit, although he told me and told the public that he was leaving a surplus and the size of the state workforce grew. he cut education, the largest single per pupil cut in education in america when he was here. i think all of those are relevant when you compare them in particular to a governor -- excuse me a president who has not followed the trend as romney did but bucked the trend and turned around job loss and added some 4 million private sector jobs in the last two years. >> as governor mitt romney, basically had the same job pattern as the president, the economy was in bad shape when he began. the state was bleeding jobs early in the term. he made up ground as the economy recovered and nationally the economy was recovering as well. unemployment was at about 4.7%, he also hollywood a democratic legislature and he had to balance the budget every year. >> and every one of us has to balance the budget every year. i have to balance the budget as well. but we have been investing in educatio
economic growth in the country and we were trailing the country at the same time, he left a structural deficit, although he told me and told the public that he was leaving a surplus and the size of the state workforce grew. he cut education, the largest single per pupil cut in education in america when he was here. i think all of those are relevant when you compare them in particular to a governor -- excuse me a president who has not followed the trend as romney did but bucked the trend and...
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Nov 9, 2012
11/12
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what is the deficit goal that you have in mind? >> well, clearly, the deficit is a drag on our economy. and we can't continue to spend money we don't have. i don't want to box myself in. i don't want to box anybody else in. i think it's important for us to come to an agreement with the president. but this is his opportunity to lead. >> mr. speaker -- >> whoop, no. you violated the rules. >> what? >> disqualified. yes, sir. >> mr. speaker, the other day, you -- spoke of revenues. can you give us an idea oh where you're going with that, because tax rates are not on the table. are you talking about going after deductions? >> it's clear that there are a lot of special interest loopholes in the tax code, both corporate and personal. it's also clear that there are all kinds of deductions, some of which make sense, others don't. and by lowering rates and cleaning up the tax code, we know that we're going to get more economic growth. it will bring jobs back to america, it will bring more revenue. we also know that if we clean up the code a
what is the deficit goal that you have in mind? >> well, clearly, the deficit is a drag on our economy. and we can't continue to spend money we don't have. i don't want to box myself in. i don't want to box anybody else in. i think it's important for us to come to an agreement with the president. but this is his opportunity to lead. >> mr. speaker -- >> whoop, no. you violated the rules. >> what? >> disqualified. yes, sir. >> mr. speaker, the other day, you...
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Sep 1, 2012
09/12
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you can begin to see a reduction in the deficit. you're not going to reduce the debt. and may even more if we can't grow the economy. so the job number one is grow the economy. if you grew it 3 1/2% per year, that would require substantial changes in policy but it could be done, you would garner more than enough revenue. it would change the whole debate. about whether you're saying people of high income need to pay more taxes. even though higher income people now we have the highest of any country in the developed world. we already pay -- 1% of the people get 20% of the income and pay 30% of the taxes. at what point do you say, okay, you've given enough? we need to grow the economy and then deal with these out year spending costs that are unacceptable and unsustainable. tax reform provides the catalyst i think for common ground to make this happen in a divided country. look, i just -- you know, i love my country and i see decline in the future. unless we begin to solve these problems. if we can't solve it by having 60 republican senators and a majority in the congress
you can begin to see a reduction in the deficit. you're not going to reduce the debt. and may even more if we can't grow the economy. so the job number one is grow the economy. if you grew it 3 1/2% per year, that would require substantial changes in policy but it could be done, you would garner more than enough revenue. it would change the whole debate. about whether you're saying people of high income need to pay more taxes. even though higher income people now we have the highest of any...
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Oct 10, 2013
10/13
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it was about how do we get a handle on our debt and our deficits. and i actually agree with everything paul ryan said. >> why did all your friends jump on him so bad? aaronson attacked him. >> i talked to paul today about it. he made it pretty clear he was separating both issues. >> he did not even include revenue in that. is revenue off the table? is revenue off the table? >> probably. >> i hate to do this. but because of the time of the program, i have to thank representative delauro. delighted to have you back. again raul labrador, you two are a terrific pair. >>> next we ceasefire. and we look for common ground. we also want you to weigh in on today's fire back question. would breaching the debt limit be catastrophic for the u.s. economy? tweet using #crossfire. we'll have results after the break. just by talking to a he. it grabbed the patient's record before we even picked him up. it found out the doctor we needed was at st. anne's. wiggle your toes. [ driver ] and it got his okay on treatment from miles away. it even pulled strings with the s
it was about how do we get a handle on our debt and our deficits. and i actually agree with everything paul ryan said. >> why did all your friends jump on him so bad? aaronson attacked him. >> i talked to paul today about it. he made it pretty clear he was separating both issues. >> he did not even include revenue in that. is revenue off the table? is revenue off the table? >> probably. >> i hate to do this. but because of the time of the program, i have to thank...
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Jun 3, 2012
06/12
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he had a $3.6 billion deficit, too. was able to cut that and left office with a $2 billion rainy day fund. i'd say that's pretty good. >> but in the end, you know, he was 47th throughout that whole four-year period, and he is selling himself as a businessman who knows how to create jobs and yet really didn't do that very well when he was in massachusetts. you see the democrats going after this. what's his defense here? >> well, the numbers i have is it went down to 30th by the time he left office nationwide in job creation. more importantly than that, candy s what he did in the private sector. add democrat legislature. that's a deep blue state and i think managing the fiscal house and trying to create jobs during that time, he had to combat a democratic legislature, but look what he did at bain capital, as executive director of the olympics, over 100,000 new jobs with venture capital. he knows how to create jobs in the private sector. he understands the american dream because he's lived it. i'd say president obama had t
he had a $3.6 billion deficit, too. was able to cut that and left office with a $2 billion rainy day fund. i'd say that's pretty good. >> but in the end, you know, he was 47th throughout that whole four-year period, and he is selling himself as a businessman who knows how to create jobs and yet really didn't do that very well when he was in massachusetts. you see the democrats going after this. what's his defense here? >> well, the numbers i have is it went down to 30th by the time...
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Sep 9, 2012
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we have a deficit the same as greece. >> so taking that deficit number, and letting me put some other figures up for the audience. in the economy right now, and gas prices are high. we are $16 trillion in debt, and there is, there are 43 months of unemployment over 8%. how do you sell that? >> so, look, i think that the first thing that you do is to remind people what republicans would like you to believe is that the world started on the 20th of january 2009, but it didn't. when barack obama took office what he had was a president who had inherited a 2% surplus, and left behind a 2% structural deficit that then exploded as the e kconomy clapsed. when barack obama took out, the economy was not going down, but it was plummeting. we were losing 750,000 jobs in the month and you didn't know anywhere in america if you had a job the next day. my sister sold what was a high-risk technology stock and invested in aig, and you didn't know. there was no security left. within nine months barack obama not only stabilize that, but he restructured and not bailed out the largest industry in the unite
we have a deficit the same as greece. >> so taking that deficit number, and letting me put some other figures up for the audience. in the economy right now, and gas prices are high. we are $16 trillion in debt, and there is, there are 43 months of unemployment over 8%. how do you sell that? >> so, look, i think that the first thing that you do is to remind people what republicans would like you to believe is that the world started on the 20th of january 2009, but it didn't. when...
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Apr 23, 2012
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>> both programs are paying out more than they're taking in so adding to the deficit when you look at known demographic trends our federal financial hole is getting deeper $10 million a minute. the longer we wait to increase entitlement reform or social insurance program reform the more dramatic the changes will be, the more risk of debt crisis and the less transition time we'll have. >> david mentioned $10 million a minute. that means about 40 million dollars, 50 million during this conversation. >> i wish i was getting the money. >> we're in an election year. nothing will happen between now and november. they tried the bargain last year and got nowhere. what is the trigger, the circuit breaker that will get politicians to sit down and figure this out. >> that's the $40 million question. i do think there is a deadline coming up at the end of this year because of the deal that they did to get the debt ceiling raised. so, you know, we could see some fairly dramatic action then. the other big thing, and i don't see when this is going to happen but what forces other countries to finally
>> both programs are paying out more than they're taking in so adding to the deficit when you look at known demographic trends our federal financial hole is getting deeper $10 million a minute. the longer we wait to increase entitlement reform or social insurance program reform the more dramatic the changes will be, the more risk of debt crisis and the less transition time we'll have. >> david mentioned $10 million a minute. that means about 40 million dollars, 50 million during...
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Dec 19, 2012
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more than any other deficit reduction package. we will have stabilized it for ten years. that is a significant achievement for them. they should be proud of it. they keep on finding ways to say no as opposed to finding ways to say yes. i don't know how much of that just has to do with, you know, it is very hard for them to say yes to me. but, you know, at some point they've got to take me out of it and think about their voters. they can think about what's best for the country, and if they do that, if they're not worried about who is winning and losing, did they score a point on the president, they extract that little little concession, did they -- you know, force them to do something he really doesn't want to do just for the heck of it, then they focus on actually good for the country, i think we can get this done. >> reporter: you mentioned the 700 and 800,000, are you willing to move on any kind of level, and are there specific things -- >> i'm not getting into specific negotiations here. my point is simply, carol, that if you l
more than any other deficit reduction package. we will have stabilized it for ten years. that is a significant achievement for them. they should be proud of it. they keep on finding ways to say no as opposed to finding ways to say yes. i don't know how much of that just has to do with, you know, it is very hard for them to say yes to me. but, you know, at some point they've got to take me out of it and think about their voters. they can think about what's best for the country, and if they do...
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Sep 1, 2012
09/12
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i will cut the deficit and get us ontrack to a balanced budget. >> now to president barack obama who spent part of his day at a rally in urbandale, iowa. he launched what he is calling his road to charlotte tour. he took aim at mitt romney's convention speech. >> if you didn't dvr it, let me recap it for you. everything is bad, it's obama's fault, and governor romney is the only one who knows the secrets of creating jobs and growing the economy. >> so as the president starts his road to charlotte tour, the democratic party is putting finishing touches on the convention. it all gets going tuesday. cnn political producer shannon travis is in charlotte, north carolina this afternoon. shannon, are people trickling in already besides the media, such as yourself? >> yeah. i mean, mostly the media presence is growing and growing since yesterday when we arrived but you're absolutely right. they are some of the delegates, some of the dnc officials that have started to come in, probably picking up their cars and securing their hotel rooms before things get too crazy. i think the bulk of people
i will cut the deficit and get us ontrack to a balanced budget. >> now to president barack obama who spent part of his day at a rally in urbandale, iowa. he launched what he is calling his road to charlotte tour. he took aim at mitt romney's convention speech. >> if you didn't dvr it, let me recap it for you. everything is bad, it's obama's fault, and governor romney is the only one who knows the secrets of creating jobs and growing the economy. >> so as the president starts...
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Oct 12, 2012
10/12
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>> it wasn't a five-point plan, it was a five-point set of platitudes, he wants to prove training, deficit, and trade. but not how he would. other than what his end goals were. >> interesting, wolf. some of the frustration people had, there weren't lots of specifics in this debate. and, in fact, i know you will talk about the low points. smu professors saying this is the number one debate in terms of the number of low points as scored by the focus group that they've done in the past six years. >> i want to do that right now, erin. the low points of the debate for joe biden and paul ryan. vice president, came around 9:10 p.m. eastern, near the top of the debate. explaining the attack on the u.s. consulate in libya. >> we weren't told we want more security. we didn't know they wanted more security. by the way, at the time, we said exactly what the intelligence community told us, that they knew. that was the assessment. and as the intelligence community changed their view, we made it clear they changed their view. we said we will get to the bottom of this. >> the vice president's lowest momen
>> it wasn't a five-point plan, it was a five-point set of platitudes, he wants to prove training, deficit, and trade. but not how he would. other than what his end goals were. >> interesting, wolf. some of the frustration people had, there weren't lots of specifics in this debate. and, in fact, i know you will talk about the low points. smu professors saying this is the number one debate in terms of the number of low points as scored by the focus group that they've done in the past...
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Sep 8, 2012
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you'll add to the deficit. they don't say that when we're going to war or with respect to the tax cuts and they don't say that with respect to the trade deficit. when it comes to public investment they say whoa, stop, yet it's the public investment that's the basis for private prosperity. >> that's a point president obama tried to make and came back with the you didn't build it sort of thing. what's your take on this discussion? >> first of all, rather boringly ali, i completely agree with you, are you better off than four years ago, it is a great line, if i were a republican i would go out there but it's not right and ignores the historical reality of where the economy was when obama took over. what i really don't like about the whole economic discourse in this campaign right now is precisely that it is a historical. your reagan clip was really interesting, because when you think about the debate we're having now between bigger government, smaller government, higher taxes, lower taxes, all of this stuff we cou
you'll add to the deficit. they don't say that when we're going to war or with respect to the tax cuts and they don't say that with respect to the trade deficit. when it comes to public investment they say whoa, stop, yet it's the public investment that's the basis for private prosperity. >> that's a point president obama tried to make and came back with the you didn't build it sort of thing. what's your take on this discussion? >> first of all, rather boringly ali, i completely...
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Oct 24, 2012
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and then somehow you're also going to deal with the deficit that we've already got. the math simply doesn't work. >> hmmm. all right. let's take a look at one more aspect of the president's plan as laid out in today's glossy. the president would commit half of the money saved from responsibly ending wars in iraq and afghanistan to reduce the deficit, and the other half to putting americans back to work, rebuilding roads, bridges, runways and schools here in the united states. all right. the problem is, here's what the president said just a couple weeks ago. >> one of the main reasons we went from record surpluses into record deficits is because we put two wars and two -- and two tax cuts on a credit card. >> all right. that's right. the money spent in afghanistan and iraq was largely borrowed. the president's word, put on a credit card. and he even wrote that in his glossy. so how can the president save the money which was borrowed in the first place, and how can he save money that he never intended to spend since the administration has long said it would end those w
and then somehow you're also going to deal with the deficit that we've already got. the math simply doesn't work. >> hmmm. all right. let's take a look at one more aspect of the president's plan as laid out in today's glossy. the president would commit half of the money saved from responsibly ending wars in iraq and afghanistan to reduce the deficit, and the other half to putting americans back to work, rebuilding roads, bridges, runways and schools here in the united states. all right....
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May 9, 2012
05/12
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if you were here today, i know you believe the deficit is a big crisis facing the country, correct? >> i absolutely do. >> if there was a deal that had $3 in spending cuts for every $1 in tax increases and the math said it is wa a credible deal to reduce the deficit, could you vote for that if it was the only way to get enough democrats to support it and get a president to sign it? >> i have said many times we need to make sure we are not continuing to raise the debt without serious reductions. if the bill is crafted in such a way we can get the deficit narrowing and we are not going to be significantly adding to the debt, that would have to be considered. the big issue is whether we will have people that stand on their principles. the modern definition of by party tan ship is the democrats saying, let's spend $10 billion and the republicans saying let's spend $5 billion we don't have and instead, they compromise and spend $7.5 billion they are out of control. we have a government out of control. it has to be realed back in. >> your definition of bipartisanship, is it only whether d
if you were here today, i know you believe the deficit is a big crisis facing the country, correct? >> i absolutely do. >> if there was a deal that had $3 in spending cuts for every $1 in tax increases and the math said it is wa a credible deal to reduce the deficit, could you vote for that if it was the only way to get enough democrats to support it and get a president to sign it? >> i have said many times we need to make sure we are not continuing to raise the debt without...
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Aug 19, 2012
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. >> well, look, president romney has published a deficit reduction plan that will cut the deficit by 2016. it is going to take a while to achieve full fiscal balance. this president has doubled the annual deficit and never before in our country before president obama's election have we had a trillion dollar annual deficit and that is all we have had since he has been in office, four in a row, so it is going to take a while tole balance the budget, but the governor has said that he will cut $500 billion from the deficit by the year 2016 and i ask you, jim, to go back to look at governor romney's -- >> and you are saying it won't be balanced by the end of the second term, and he has said out on the campaign trail he hopes to have it balanced by the second term, but that is not in the cards this morning? >> well, that is an achievable objective by the end of the the second term, but what he has published is a deficit reduction plan to cut the deficit by $500 billion by the year 2016, but i would say go back to lk at governor romney's record in massachusetts and he came in 2002 in massac
. >> well, look, president romney has published a deficit reduction plan that will cut the deficit by 2016. it is going to take a while to achieve full fiscal balance. this president has doubled the annual deficit and never before in our country before president obama's election have we had a trillion dollar annual deficit and that is all we have had since he has been in office, four in a row, so it is going to take a while tole balance the budget, but the governor has said that he will...
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Sep 7, 2012
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cut the deficit in half. the deficit is double where it is. and the president has been unable to deliver on virtually any of the promises and the idea that the american people will accept the same promises again is one that would be flying in the face of america's ability to understand what is in their best interest. >> and governor, what do you think about -- >> you have visited china twice and how do you respond for the president saying that you can't go be ready for diplomacy in beijing when you can't even talk there. >> i i wish that the president would talk to china in a straight talk manner. that i have manipulated the currency in over a decade and they have taken american jobs. and so as we deal with other nations around the world and nothing wrong with telling people the truth. thank you, guys. >>> frank talk with the folks covering the campaign, the massachusetts governor in sioux city, iowa, and he mentioned a couple of rallies that you will be hearing from him today and not only a campaign stop in sioux city, iowa, but also in orang
cut the deficit in half. the deficit is double where it is. and the president has been unable to deliver on virtually any of the promises and the idea that the american people will accept the same promises again is one that would be flying in the face of america's ability to understand what is in their best interest. >> and governor, what do you think about -- >> you have visited china twice and how do you respond for the president saying that you can't go be ready for diplomacy in...
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Oct 13, 2012
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deficit totals 1$1.4 trillion. it exceeded the $4 trillion mark. >>> jack kennedy and paul ryan, perfect together? some things about them that are similar. both young, energetic, viant. paul ryan things they have something in common, joe biden not so sure. the republican candidate invoked a camelot era comparison. this time, the issue taxes. >> you can cut tax rates by 20% and preserve important preferences for middle class taxpayers. >> not mathematically possible. >> it's been done before. >> it's never been done before. >> a couple of times. >> nevereen done before. >> ronald reagan. >> now you're jack kennedy. >> ronald reagan. >> twitter was atwitter about that. that comment got a noticeable reaction from the group of undecided voters i watched during the debate last night. see it blown up there in the bottom of the screen. here is the problem, both kennedy and reagan working in a different time and place. to start, when both kennedy and reagan took office, individual tax rates not even in the ballpark of what
deficit totals 1$1.4 trillion. it exceeded the $4 trillion mark. >>> jack kennedy and paul ryan, perfect together? some things about them that are similar. both young, energetic, viant. paul ryan things they have something in common, joe biden not so sure. the republican candidate invoked a camelot era comparison. this time, the issue taxes. >> you can cut tax rates by 20% and preserve important preferences for middle class taxpayers. >> not mathematically possible....
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of course you're going to have a deficit. the hard thing is to run a deficit in boom times. that's what your party did, adding $5 trillion to the debt under bush. $5 trillion. even the most expansive understanding of what changes obama will have brought bring t to something like $1 trillion in extra debt. i think that's too much too, but compared to bush, this guy is a fiscal conservative. >> andrew, thanks. >> you're so welcome. >> bay, thank you very much. >> sure, glad to be with you. >>> a new "time"/orc international poll out tonight shows mitt romney with a ten-point lead in south carolina. gingrich is closing the gap. romney at 33%. gingrich's at 23%. santorum's at 16, ron paul at 13, rick perry at 6. it is coming down to the wire in south carolina. watch the debate tomorrow on cnn starting at 8:00 right here on cnn. we'll have an additional "360" from south carolina right after the debate tomorrow at 10:00. >>> still ahead tonight, a mysterious illness striking 12 teenage girls at the same school around the same time, causing them all to develop strange tics. what co
of course you're going to have a deficit. the hard thing is to run a deficit in boom times. that's what your party did, adding $5 trillion to the debt under bush. $5 trillion. even the most expansive understanding of what changes obama will have brought bring t to something like $1 trillion in extra debt. i think that's too much too, but compared to bush, this guy is a fiscal conservative. >> andrew, thanks. >> you're so welcome. >> bay, thank you very much. >> sure,...
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next four years is pore deficits almost that large. so that's the next way i'm different than president bush and the last one, championing small business, our party has been focused on big business too long. i came through small business. i understand how hard it is to start a small business. that's why everything i'll do is designed to help small businesses grow and add jobs. i want to keep their taxes down on small business. i want regulators to see their job as encouraging small enterprise, not crushing it and the thing i find most troubling about obama care, well, it's a long list but one of the things i find most troubling is that when you go out and talk to small businesses and ask what they think about it, they tell you it keeps them from hiring more people. my priority is jobs. i know how to make that happen and president bush had a very different path for a very different time. my path is designed in getting small businesses to grow and hire people. >> thanks, governor. mr. president. >> well, first of all, i think it's import
next four years is pore deficits almost that large. so that's the next way i'm different than president bush and the last one, championing small business, our party has been focused on big business too long. i came through small business. i understand how hard it is to start a small business. that's why everything i'll do is designed to help small businesses grow and add jobs. i want to keep their taxes down on small business. i want regulators to see their job as encouraging small enterprise,...
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i want to turn to the deficit. mitt romney claims with these tax cuts, he will not add to the deficit. >> my number one principle is, no tax cut that adds to the deficit. i won't put in place a tax cut that adds to the deficit. part one. so there is no economists can say mitt romney's tax plan adds $5 trillion. my plan is not to put in place any tax cut that will add to the deficit. >> look at the facts here again. mitt romney has not laid out specifics for how he would pay for his tax cut. he says its by reducing deductions and closing loopholes, but hasn't said which or how many. so the verdict here is simply in complete. we just don't know, wolf. >> he also suggests repeatedly, john, that by improving the economy, there would be a dynamic scoring as they call it more revenue coming in, because more money would be coming into the taxes, businesses and individuals could be doing better. as a result, he's justifying the trillion dollar tax cut if you will. >> hence the grade incomplete. >> he hasn't offered a lot o
i want to turn to the deficit. mitt romney claims with these tax cuts, he will not add to the deficit. >> my number one principle is, no tax cut that adds to the deficit. i won't put in place a tax cut that adds to the deficit. part one. so there is no economists can say mitt romney's tax plan adds $5 trillion. my plan is not to put in place any tax cut that will add to the deficit. >> look at the facts here again. mitt romney has not laid out specifics for how he would pay for his...
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it's going to blow a hole in our deficit. we have to discuss obama care. the president doesn't think obama care has anything to do with the budget but it has everything to do with the budget and liberties of many americans. it needs to be on the table to be discussed. >> he's willing to discuss it but not in the context of the government shutdown and raising the nation's debt ceiling. plenty of other opportunities down the road. obviously from your perspective, that's not good enough. >> i have not seen a single offer from the president. our final offer to the senate, you gave an exemption for obama care to big businesses, why don't you give it to the rest of americans as well? while you're at it, mr. president, there shouldn't be a gold plated health care system just for the house, the senate, for you and your appo t appoint appointees. we should live under the same system we put on all merge americans. >> tim huelskamp, thank you for coming. >>> president obama says the government shutdown will end as soon as the house speaker john boehner allows the hou
it's going to blow a hole in our deficit. we have to discuss obama care. the president doesn't think obama care has anything to do with the budget but it has everything to do with the budget and liberties of many americans. it needs to be on the table to be discussed. >> he's willing to discuss it but not in the context of the government shutdown and raising the nation's debt ceiling. plenty of other opportunities down the road. obviously from your perspective, that's not good enough....
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obama has inherited a $459 billion deficit. yeah, that's worse, but it's even worse now. 1.3 trillion. and homeownership rose to a record high during the clinton years. it's declined under president obama, and the mortgage crisis, although we have to be fair about that, it's still high in the mid-60% range. it's really clear when you look at those numbers, very different economic performance from these two administrations, and they're in pains now to try to explain that to make them work for them not against them. >> the other interesting thing i noticed, president clinton bringing up, president obama has an approach proposed by the bipartisan simpson-bowles commission. we talked about this so much. >> endlessly. >> they keep stumbling into this. it's a commission that came up with a plan to fix the debt of the country. the president did not endorse the simpson-bowles commission. everyone may notice this last week, paul ryan brought it up, and he also was on that commission. and didn't vote for simpson-bowles, both he and presi
obama has inherited a $459 billion deficit. yeah, that's worse, but it's even worse now. 1.3 trillion. and homeownership rose to a record high during the clinton years. it's declined under president obama, and the mortgage crisis, although we have to be fair about that, it's still high in the mid-60% range. it's really clear when you look at those numbers, very different economic performance from these two administrations, and they're in pains now to try to explain that to make them work for...